11-15-2022 – What Is the Average Net Worth of Generation X?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 16 November 2022
⏱️ 46 minutes
🧾️ Download transcript
Summary
Gen X, individuals born between 1965 and 1980, have a shortfall in retirement savings and it is partly due to a rise in inflation and the cost of living.
Today's Stocks & Topics: The Wash Rule, HYG - iShares iBoxx $ High Yield Corporate Bond ETF, AOS - A.O. Smith Corp., Investors Sentiment, Office Spaces, TSE - Trinseo PLC.
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:08.9 | Just and client and Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.2 | and share their unbiased answers. |
| 0:17.6 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving |
| 0:23.2 | clients throughout the United States. |
| 0:26.1 | The clarity for your path forward starts now. |
| 0:30.4 | Here is KPP Chief Executive Officer, Financial Advisor, Justin Clyde. |
| 0:37.6 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:42.6 | And today I want to start off with just a quick overview of the FTX situation. |
| 0:50.9 | If anyone's paying a little bit of attention, there's basically a giant fraud within |
| 0:55.7 | the crypto space and if anybody was looking into the hood or decided to pay attention, |
| 1:04.7 | they would have found it. |
| 1:05.7 | And there were some people that were calling it well before the collapse. |
| 1:09.6 | But what I want to do is use this as a teaching moment for everybody to avoid financial |
| 1:19.0 | frauds. |
| 1:21.6 | And learn how to recognize them and throw up the red flag when you see certain things |
| 1:30.2 | happening. |
| 1:31.4 | So for example, number one, promise of high returns or guaranteed returns, especially |
| 1:38.9 | guaranteed returns that are pretty high. |
| 1:43.7 | You know I over the past couple of years I've had some callers call in asking about why |
| 1:49.9 | wouldn't I stake my crypto and earn 10, 12, 15% when money market back then at least was |
| 1:59.5 | yielding 1% or 0%. |
... |
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